Sensata Technologies (NYSE:ST) Shares Down 6% After Analyst Downgrade

Sensata Technologies Holding plc (NYSE:ST) shares traded down 6% during trading on Tuesday after UBS Group lowered their price target on the stock from $44.00 to $39.00. UBS Group currently has a buy rating on the stock. Sensata Technologies traded as low as $31.18 and last traded at $31.62. 332,004 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 1,853,095 shares. The stock had previously closed at $33.64.

A number of other equities analysts have also recently weighed in on ST. JPMorgan Chase & Co. lowered their price target on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday. Vertical Research began coverage on shares of Sensata Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 target price for the company. TD Cowen lowered their price target on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday. The Goldman Sachs Group reduced their price objective on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Finally, Bank of America lowered their target price on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Sensata Technologies has a consensus rating of “Hold” and a consensus target price of $41.00.

Institutional Investors Weigh In On Sensata Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of ST. GAMMA Investing LLC grew its position in shares of Sensata Technologies by 399.0% in the second quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 774 shares during the period. Versant Capital Management Inc acquired a new position in shares of Sensata Technologies during the 2nd quarter valued at about $37,000. Quarry LP lifted its holdings in shares of Sensata Technologies by 227.1% during the 2nd quarter. Quarry LP now owns 1,063 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 738 shares during the period. SageView Advisory Group LLC acquired a new stake in shares of Sensata Technologies in the first quarter worth approximately $85,000. Finally, Assetmark Inc. grew its holdings in Sensata Technologies by 19.0% in the third quarter. Assetmark Inc. now owns 2,602 shares of the scientific and technical instruments company’s stock valued at $93,000 after purchasing an additional 416 shares during the period. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

Sensata Technologies Trading Up 6.0 %

The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $5.05 billion, a PE ratio of -61.96, a P/E/G ratio of 1.33 and a beta of 1.25. The business’s fifty day moving average is $35.44 and its 200-day moving average is $37.65.

Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates of $0.86. The business had revenue of $982.80 million during the quarter, compared to the consensus estimate of $983.93 million. Sensata Technologies had a positive return on equity of 17.63% and a negative net margin of 1.98%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. As a group, analysts anticipate that Sensata Technologies Holding plc will post 3.55 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio is currently -88.89%.

About Sensata Technologies

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.